By Dr Viral V Acharya, Deputy Governor, RBI To build credit models for individuals and small credits, the financier and its modelers are ideally required to know not just outstanding credit for the micro borrowers, but possibly also their entire repayment history and their cash flow fluctuations, so as to tailor the terms of credit […]
By Shaktikanta Das, Governor, Reserve Bank of India Indian economy has witnessed an accelerated pace of domestic reforms in recent years. These reforms include, inter alia, the flexible inflation-targeting monetary policy framework, the Insolvency and Bankruptcy Code (IBC), the Goods and Services Tax (GST) and steps for enhancing foreign investments by liberalising the FDI regime […]
By Harun R Khan, Former Deputy Governor, RBI The inter-linkage of Indian economy with the rest of the world has been growing at a rapid pace, and therefore, global developments influence the domestic economy in a much bigger way than before. Though the spill over effect can take place through multiple channels, it mostly gets […]
By Nivedan Sahani Is the digital information world good for us? The information exchange and availability are getting wireless and the information format is getting smaller in size day by day which enables us to get it anywhere & anytime. If we take the opinion about the digital information impact on our social life, we […]
20 May, 2018; New Delhi Look and you’ll see an exciting landscape emerging in the banking arena. One where there is a billion-strong market actively seeking financial services but remains largely unattended to. These globally distributed prospective customers represent enormous earning potential for banks, but constitute the unbanked. The unbanked are those who do not […]
By S. S. Mundra, Deputy Governor, RBI With a view to strengthen the reach and scope of credit delivery mechanism for small entrepreneurs and businesses, RBI has recently issued in-principle approvals for setting up of 10 Small Finance Banks (SFBs). The SFBs are mandated to extend 75 per cent of their Adjusted Net Bank Credit […]
By R. Gandhi, Deputy Governor , RBI We have been focusing our attention on developing the payment systems in the country for the past thirty five years, starting from the computerization of clearing houses way back in early 1980s. Thanks to all these years? efforts, today we have a vibrant, innovating, efficient and secured payment […]
ICTpost Governance Bureau Sustainable development, access to services, equal opportunities, safety, governance and citizen participation are some of the key issues administrators of the modern cities face today. The urban population in India is set to grow to 40% as per publicly available estimates. This is going to put a considerable pressure on the infrastructure. […]
New Delhi: July 15, 2017 With Web 2.0 technologies, consumers are changing their behavior, and they are demanding a more user-friendly, networked banking experience, one that provides a greater level of trust, transparency, and interactivity. The bank’s goal, ultimately, is to attract new, digitally savvy customers by building their confidence in banks through increased involvement. […]
By R. Gandhi, Deputy Governor at FIBAC Small Finance Banks are going to be game changers. Let me explain our thought process. First, whom are we targeting to form the Small Finance Banks? The Guidelines for Licensing Small Finance Banks indicated that resident individuals / professionals with 10 years of experience in banking and finance […]
